Is Africa Energy Corp’s Fuel For Real? The Stock Just Upped Again

October 19, 2016October 19, 2016Hazel Jackson

The stock of Africa Energy Corp (CVE:AFE) is a huge mover today! About 168,700 shares traded hands or 68.52% up from the average. Africa Energy Corp (CVE:AFE) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.
The move comes after 8 months positive chart setup for the $67.22 million company. It was reported on Oct, 19 by Barchart.com. We have $0.46 PT which if reached, will make CVE:AFE worth $47.73 million more.

Another recent and important Africa Energy Corp (CVE:AFE) news was published by Pennenergy.com which published an article titled: “Dominovas Energy Advances Its Plans for Africa” on October 14, 2016.

Africa Energy Corp. , formerly Horn Petroleum Corporation, is a Canada exploration-stage international gas and oil exploration and development company. The company has a market cap of $67.22 million. The Firm focuses on the BLOCK 2B in South Africa. It currently has negative earnings. Block 2B covers approximately 4,360 square kilometers of the South African Western offshore approximately 300 kilometers north of Cape Town.